Companies (Acceptance of Deposits) Amendment Rules, 1997 - Insertion of sub-rule (1A) of rule 3 and sub-clause (iv) of rule 4(2)(k) of the Companies (Acceptance of Deposits) Rules, 1975 - G.S.R. 155(E).

Deposit acceptance restriction: companies must not accept or renew deposits if in default, and must certify non-default status. The amendment inserts a provision prohibiting any company from accepting or renewing deposits if it is in default in repayment of any deposit or any interest thereon, and adds a requirement that companies certify they are not in default in repayment of deposits and interest in accordance with deposit terms.

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Companies (Acceptance of Deposits) Amendment Rules, 1997 - Insertion of sub-rule (1A) of rule 3 and sub-clause (iv) of rule 4(2)(k) of the Companies (Acceptance of Deposits) Rules, 1975 - G.S.R. 155(E). - Companies Law

Deposit acceptance restriction: companies must not accept or renew deposits if in default, and must certify non-default status.

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Companies (Acceptance of Deposits) Amendment Rules, 1997 - Insertion of sub-rule (1A) of rule 3 and sub-clause (iv) of rule 4(2)(k) of the Companies (Acceptance of Deposits) Rules, 1975 - G.S.R. 155(E). - Companies Law

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Deposit acceptance restriction: companies must not accept or renew deposits if in default, and must certify non-default status.

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